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On August 1, 2022, the following were the account balances of D&D Repair Services. Debits Credits Cash $ Accumulated Depreciation $ 6,040 - Equip 600

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On August 1, 2022, the following were the account balances of D&D Repair Services. Debits Credits Cash $ Accumulated Depreciation $ 6,040 - Equip 600 Accounts Receivable 2,910 Accounts Payable 2,300 Supplies 1,030 Unearned Service Revenue 1,260 Equipment 12.000 Salaries & Wages Payable 1,420 $ 21.980 Common Stock 10,000 Retained Earnings 6.400 $ 21,980 During August, the following summary transactions were completed: Aug. 5 Received $2,800 cash for services performed in August. 10 Paid $3,120 for salaries due employees, of which $1,700 is for August and $1,420 is for July Salaries Payable. 12 Received $1,600 cash from customers in payment of account. 15 Purchased supplies on account for $860. 17 Purchased store equipment on account for $2,000. 20 Paid August rent of $580. Paid salaries of $2,900. 22 25 Paid creditors $2,000 of accounts payable due. 27 Performed services worth $5,130 on account and billed customers. 29 Received $780 from customers for services to be provided in the future. Adjustment data: 1. Supplies on hand are valued at $860. 2. Accrued salaries payable are $1,540. 3. Depreciation for the month is $420. 4. Services were performed to satisfy $1,000 of unearned service revenues. Checkpoints: Cash Balance: $2,920 Debits on Adjusted Trial Balance: $31,310 Total Assets: $22,520 Required: . Journalize the August transactions. Post to the general ledger T accounts. Use Service Revenue, Depreciation Expense, Supplies Expense, Salaries & Wages Expense, and Rent Expense. Prepare the trial balance at August 31. Write the unadjusted trial balance in the first two columns of the trial balance worksheet. Journalize and post adjusting entries. Post adjusting entries both in general leger T accounts, and the middle two columns of the trial balance worksheet. Prepare the adjusted trial balance in last two columns of trial balance worksheet) . Prepare an income statement and a retained earnings statement for August and a classified balance sheet at August 31. Be sure to complete the proper headings for each financial statement

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